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Home » Outgoing Medtronic CEO Ishrak to chair Intel’s board

Outgoing Medtronic CEO Ishrak to chair Intel’s board

January 22, 2020 By Chris Newmarker

Medtronic CEO Omar Ishrak to step down
Medtronic CEO Omar Ishrak

Omar Ishrak — slated to step down as CEO of Medtronic (NYSE:MDT) in April — is now the independent chair of the board at tech giant Intel (NSDQ:INTC).

Ishrak replaces Andy Bryant, who plans to retire from Intel’s board in May.

“I have full confidence in Omar leading the board, which is fortunate to have his expertise at leading an innovative, global company,” Bryant said in a news release out yesterday.

Ishrak is also staying on at Medtronic in a newly created executive chairman role, with longtime lieutenant Geoff Martha taking over the corner office at the medical device giant. Industry watchers have credited Ishrak for using a series of M&A moves and focus on global markets and value-based care to transform Medtronic into the world’s largest medical device business in less than a decade.

Filed Under: Business/Financial News, Featured Tagged With: Intel Corp., Medtronic, Personnel Moves

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About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at [email protected].

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